EBERHARDT, Judge.
H. W. Ivey Construction Company, Inc. brought suit against Transamerica Insurance Company on a "Builders Risk Multiple Peril Policy" of insurance claiming coverage for a fork-lift truck which was dropped seven floors from a building being constructed by Ivey. The policy insured "materials, equipment and supplies, the property of the assured [Ivey], or for which the assured is legally liable, to be used in the construction, installation or erection...
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